July 28, 2005
FTSE 100 continues to make gains
Permalink: FTSE 100 continues to make gains by Brian Turner In London on Thursday, the FTSE 100 gained 1 percent to 5,270.30 and the FTSE 250 was up 0.3 percent to 5,270.30 on a volume 0f 2.9 billion shares traded. Engine maker Rolls Royce gained 9.6 percent to 342p on record orders and plans to raise its dividend for the first time since 2001, as well as on a ...Chile’s IPSA index makes record gains
Permalink: Chile’s IPSA index makes record gains by Brian Turner In Chile on Thursday, the IPSA blue-chip index gained 1.01 percent to achieve a new record high of 2,177.52. The broader IGPA also set a new record, gaining 0.39 percent to close at 9,923.66. Analysts attributed the gains to better than expected quarterly reports already announced and anticipation of more good results yet to be revealed. Specialty ...Quiet trading as bond investors wait for economic news
Permalink: Quiet trading as bond investors wait for economic news by Brian Turner At late morning on Thursday, prices were up on US Treasury bonds on quiet trading in advance of Friday’s release of US economic growth figures. Analysts expect the annualized GDP rate for the quarter to have grown by 3.4 percent, down from the 3.8 percent of the two previous quarters. Reports were that investors were buying longer-dated bonds that ...
July 27, 2005
easyJet and Monarch offer alternatives after EUjet collapse
Permalink: easyJet and Monarch offer alternatives after EUjet collapse by Brian Turner At least two airlines, Monarch Scheduled and easyJet have offered to fly home passengers stranded by the collapse of EUjet. The offer, called a “goodwill gesture” by an official of easyJet, will stand for the next seven days as Monarch said it would fly stranded passengers home for Ł25 plus taxes and easyJet said it would charge a flat ...UK government bonds increase in price
Permalink: UK government bonds increase in price by Brian Turner Prices rose on UK and eurozone government bonds on Wednesday as investors looked forward to data on durable goods orders out of the United States. Additionallym, markets noted how at least one member of the monetary policy committee of the Bank of England worried that a decline in the housing market in the UK could impact negatively on consumer spending. ...
July 26, 2005
Oil prices make slight rebound, but demand figures lower
Permalink: Oil prices make slight rebound, but demand figures lower by Brian Turner Crude oil prices were down early but ended up higher on Monday. West Texas Intermediate for September delivery on the New York Mercantile Exchange gained 35 cents by the end of trading to $59.00 per barrel, but it had trades as low as $57.65 per barrel earlier in the day. Brent crude September contracts were up 28 cents ...Real continue to fall as scandal increases
Permalink: Real continue to fall as scandal increases by Brian Turner The Brazilian real dropped in value again on Tuesday as the political scandal there continues to exert an influence over the financial markets. Investors fear that more government officials will be pulled into the money-for-votes scandal that is currently being investigated by the Brazilian legislature through public hearings. Especially worrying is the possibility that the reputation of Brazilian ...
July 25, 2005
Mexico IPC index loses to profit taking on American Movil
Permalink: Mexico IPC index loses to profit taking on American Movil by Brian Turner After closing at a record high in Friday, the IPC index in Mexico lost 183.23 points to close at 14,135.24 on Monday. Key to the loss was cellphone operator American Movil. The company, the most heavily weighted on the IPC index, lost 2.56 percent to close at 11.06 pesos, while its American Depositary Receipt (ADR) lost 2.81 percent ...PepsiCo halts Danone take-over rumours
Permalink: PepsiCo halts Danone take-over rumours by Brian Turner PepsiCo has attempted to put a stop to rumors that it was preparing to mount a takeover bid for French foods group Danone by announcing that it will not attempt to acquire the sixth largest foods group in the world as figured by revenues. Speculation about such a bid has been making the rounds since early this month, raising ...
July 22, 2005
New York equities markets end positive Friday
Permalink: New York equities markets end positive Friday by Brian Turner In the New York equities markets on Friday, the Dow Jones Industrial Average, the Nasdaq composite, and the S&P 500 all ended the day and the week in positive territory, although only just in some cases. The Dow was up 0.2 percent on the day to 10,651.26, with a fractional gain for the week, while the S&P gained 0.2 ...
July 21, 2005
Oil falls as revaluation helps copper pricing
Permalink: Oil falls as revaluation helps copper pricing by Brian Turner The price of crude oil fell again on Thursday. Brent crude September contracts on the International Petroleum Market in London lost 95 cents to $55.72 per barrel, following a 71 cent decline on Wednesday. September contracts for West Texas Intermediate crude on the New York Mercantile Exchange was down 89 cents to $57.13 per barrel after having lost ...Prices up on bonds after new bombing threat
Permalink: Prices up on bonds after new bombing threat by Brian Turner Prices were up for government bonds in the UK and the eurozone on Thursday after reports of new bombings in London, having been initially down on the day. While there were few or no reports of casualties connected to the new incidents, prices rebounded although 2-year UK gilt prices remained lower than on Wednesday. The 2-year gilt was ...
July 20, 2005
Nikkei closes at 14 week high
Permalink: Nikkei closes at 14 week high by Brian Turner In Tokyo on Wednesday, the Nikkei 225 gained 0.2 percent to 11,789.35 and the Topix index was up 0.4 percent to close at 1,196.33. The Nikkei’s closing figure was a 14-week high. Instrumental in the gains were good first-half figures from China on its gross domestic product, which helped overcome bad quarterly reports from Yahoo and Intel in ...US bond prices down on Greenspan report
Permalink: US bond prices down on Greenspan report by Brian Turner Prices were down and yields up on US Treasury bonds on Wednesday after Federal Reserve chairman Alan Greenspan painted a rosy picture of the US economy in Congressional testimony. The 2-year bond gained 4.2 basis points to yield 3.902 percent, while the 10-year bond was up 4.5 basis points to 4.228 percent and the 30-year issue rose by 3.6 ...
July 19, 2005
Dow Jones and Nasdaq gain in US equities markets
Permalink: Dow Jones and Nasdaq gain in US equities markets by Brian Turner In New York on Tuesday, the equities markets were up on the day as the Dow Jones Industrial Average gained 0.68 percent to 10,646.56, the Nasdaq composite was up 1.32 percent to 2,173.18, and the S&P 500 rose by 0.67 percent to 1,229.35. Technology stocks rallied on IBM’s better-than-expected quarterly report. The results were helped by a restructuring, ...
July 18, 2005
Slight fall in US equities markets.
Permalink: Slight fall in US equities markets. by Brian Turner Equities markets in the United States fell on Monday, with the Dow Jones Industrial Average off 0.62 percent to 10,574.99, the Nasdaq composite down 0.55 percent to 2,144.87, and the S&P 500 losing 0.55 percent to 1,221.13. In the banking sector, Citigroup lost 2.5 percent to $45.26 on the announcement that it had under performed in the second quarter ...Wesfarmers strong for Dyno Nobel deal
Permalink: Wesfarmers strong for Dyno Nobel deal by Brian Turner Australian hardware and energy group Wesfarmers has emerged as a top contender in the effort to purchase Norwegian explosives manufacturer Dyno Nobel. Four other private equity firms have also made it to the final round of the bidding: Permira, Apollo Management, Bain Capital, and Blackstone Partners. Bain and Blackstone both have prior experience in the sector. Wesfarmres, ...
July 15, 2005
Eurofirst closes up on weeks trading
Permalink: Eurofirst closes up on weeks trading by Brian Turner Equities markets in Europe closed up on Friday although the FTSE Eurofirst 300 was down 0.2 percent to 1,163.57 on the day. The FTSE was up 1.1 percent on the week. In Paris, the CAC-40 closed at 4,373.77, a 38-month high. The Xetra Dax in Frankfurt also ended the week at a 38-month high when it closed ...Little movement in Asia equities
Permalink: Little movement in Asia equities by Brian Turner There was little change in the equities markets in Tokyo on Friday as money just seemed to be shuffled between sectors. Technology stocks continued to climb on good US earnings reports in the sector, but heavily domestic sectors such as real estate, retailing, and wholesaling saw declines. Sharp was up 1.2 percent to Ą1,746 on its introduction of ...
July 14, 2005